In the past two days, ETH has been consolidating in the range of approximately 2,400–2,460, with both bulls and bears repeatedly testing the waters; the current position is very critical.
📉 I. Structural Review The daily chart is still in a rebound repair after a downtrend, facing significant resistance above.
The 2-hour chart shows a LH structure, with a lack of strength in the upward movement and weakened short-term momentum.
The moving average system is intertwined, with prices fluctuating back and forth in the equilibrium zone, indicating that the market is waiting for direction.
📉 II. Momentum Performance RSI and OBV show signs of a top divergence in most cycles;
The rebound process lacks volume, and short-term sentiment is generally cautious;
Multiple tests around 2,450 have been suppressed, indicating that there is resistance from the main force above.
📉 III. Possible Scenarios from the Main Force
Scenario 1: Trapping the bulls and crashing
Rally to around 2,450; Retreat, breaking below 2,420, triggering stop-losses; After pulling back to 2,360–2,380, accumulate again to form a bottom.
Scenario 2: Sideways tug-of-war Maintain consolidation in the range of 2,420–2,445;
No break, no establishment, wearing down sentiment and clearing direction;
IV. Key Position Consolidation Resistance Zone: 2,450–2,475 (bull trapping pressure zone) | 2,500+ (actual turning point) Support Zone: 2,385–2,400 (short-term defensive position) | 2,360–2,380 (bullish defense line)
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